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 * Home
 * Cryptocurrency
 * Cryptocurrency News
 * Crypto Exchange Coinbase Adds New Feature to Let Users Fund Crypto Wallets
   From Chrome Browser Extension


CRYPTO EXCHANGE COINBASE ADDS NEW FEATURE TO LET USERS FUND CRYPTO WALLETS FROM
CHROME BROWSER EXTENSION


USERS WILL BE ABLE TO SELECT THEIR CRYPTOCURRENCY OF CHOICE, SPECIFY THE AMOUNT,
AND CONFIRM TRANSACTIONS WITH COINBASE PAY.

By Radhika Parashar | Updated: 17 March 2022 18:33 IST
Share on Facebook Tweet Snapchat Share Reddit Email Comment

Photo Credit: Coinbase

Coinbase was founded in 2012 in order to facilitate BTC transactions


Highlights
 * Coinbase aims to keep up with Web 3 growth
 * Coinbase Pay will fill up crypto wallet in three small steps
 * Google’s Chrome Web browser will support Coinbase Pay extension

Coinbase has loaded up its platform with a new feature that allows users to fund
their crypto wallets directly via an extension on the Chrome browser. This new
feature is named ‘Coinbase Pay'. The US-based crypto exchange aims to get more
participation from the general public in the emerging decentralised finance
(DeFi) space. The company aims to keep up with the developing Web 3 sector,
where cryptocurrencies, non-fungible tokens (NFTs), and the metaverse will make
for key elements.

The Coinbase Pay feature will allow users to select a cryptocurrency that they
want to add to their wallet, specify the amount, and click ok to process the
transaction.

“Before Coinbase Pay, users who wanted to add funds to their Coinbase Wallet
from the browser extension needed to navigate to Coinbase.com, sign in to their
account, copy-paste their wallet address, and manually transfer funds from their
Coinbase account. The process was not only cumbersome, but also left the user
vulnerable to user error,” the company explained in a blog post.

 * Binance Gets Virtual Asset Licence to Operate in Dubai

The feature will prevent the need of switching between apps and engaging in
manual transactions for Coinbase users.

“With the Coinbase Wallet extension, your Chrome browser can securely interact
and engage with all manner of Web 3 applications. Kickstart your NFT collection,
earn yield through DeFi lending protocols, and grow your crypto portfolio with
hundreds of thousands of tokens supported via decentralised exchanges (DEXes),”
the blog post added.

Surojit Chatterjee, the Chief Product Officer of the crypto exchange also
tweeted the development.

 * Coinbase Crypto Exchange Set to Foray into NFT Sector



Despite uncertainty around crypto regulations, Coinbase has emerged as one of
the world's most popular crypto exchanges. The company first launched in 2012
with the intent of allowing Bitcoin transactions.

The firm has joined 16 other crypto players in the ‘Crypto Market Integrity
Coalition (CMIC)' group that aims to make the overall crypto market a safe space
for conducting business.

In November, the platform had begun testing a subscription service that lets
customers trade on it without having to pay a transaction fee for each trade.



--------------------------------------------------------------------------------

This week on Orbital, the Gadgets 360 podcast, we dive into Apple's Peek
Performance event. Orbital is available on Spotify, Gaana, JioSaavn, Google
Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.


Cryptocurrency is an unregulated digital currency, not a legal tender and
subject to market risks. The information provided in the article is not intended
to be and does not constitute financial advice, trading advice or any other
advice or recommendation of any sort offered or endorsed by NDTV. NDTV shall not
be responsible for any loss arising from any investment based on any perceived
recommendation, forecast or any other information contained in the article. 

Comments


For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook,
and Google News. For the latest videos on gadgets and tech, subscribe to our
YouTube channel.

Further reading: Coinbase, Cryptocurrency, Crypto Wallets, Chrome
Radhika Parashar Email Radhika
Radhika Parashar is a senior correspondent for Gadgets 360. She has been
reporting on tech and telecom for the last three years now and will be focussing
on writing about all things crypto. Besides this, she is a ma... more  »

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